Plaintiffs Seek ISO Files on Virus Exclusion to Back Business Interruption Claims June 7, 2021 By Jim Sams Plaintiffs attorneys are looking deep into the weeds for evidence to support claims for business income lost because of COVID-19...
Supreme Court’s Upcoming 23 Rulings to Touch on Business, Religion, Voting, Students June 7, 2021 By Greg Stohr The Supreme Court heads into the home stretch of Justice Amy Coney Barrett’s first term with a list of big-money...
Top Aviation Safety Official to Leave FAA June 7, 2021 By David Shepardson The Federal Aviation Administration’s (FAA) top safety official said Wednesday he will step down effective June 30. Ali Bahrami, the...
Washington Debates What to Do About Ransomware Payments, Cyber Reporting June 7, 2021 By Ros Krasny and John Gittelsohn More transparency is needed into what kind of cash payments are made after ransomware attacks, a top Democrat said, following...
Ascot, Highland to Offer U.S. Builders Risk Program June 4, 2021 Ascot as a partnered with Highland Insurance Solutions LLC, a subsidiary of WNC Insurance Services Inc. to provide a builders...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
P/C Insurers’ Underwriting Income Fell 53% in First Quarter: AM Best June 4, 2021 The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the...
$6.4 Billion Suit Claims Bristol-Myers Delayed Cancer Drug to Avoid Shareholder Payment June 4, 2021 By Jonathan Stempel Bristol Myers Squibb Co. was sued for $6.4 billion on Thursday for allegedly delaying its Breyanzi cancer drug to avoid...
National Security Chief Warns Firms to Boost Cybersecurity as Ransomware Surges June 4, 2021 By Doina Chiacu The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware...
Despite Less Driving During 2020 Pandemic, Traffic Deaths Were Highest In 13 Years June 4, 2021 Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department...